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<br /> not extend or postpone tl�e due date of the inonthly inst� llments refcrred [o in psragruphs 1 ttnd 2 hereof or +,': �.
<br /> change the amount of such instnllments. %� � r u'
<br /> 10. Boaower Not Released. �xtension of the time for ��ayinent or �nodification of a�nortization of the aums ;",�`�.''�..��" i ��,1
<br /> ^?',.r'� r +
<br /> secured by this l�Iortgage grnttted by I,ender to any successor in interest of Borrower shall not operate to release, + '� g
<br /> in any manner, the liability oF tl�e original Borrotvcr nnd Borro�ti�cr's successors in interest. Lender shall not be �`"�`�`"',s; ��'�,��,
<br /> required to commence proceedings against sucli successor or refuse ta extend timc for payment or otherwise modify '� ��, ���.�
<br /> amortization of the sums secured by tl»s \fortgnge by reason of any demand �nade by the original Borrower and '� � `�`" s`i�,'%�r�
<br /> r-1 Borrower's successors in interest. �"" ;, r$�;
<br /> b Y g y ,�z'"' �z�.Y�`v, A .
<br /> � 11. Forbeaz�ce by Leader Not a Waiver. �1ny forbearunce by Lender in exercisin nn ri ht or remed '�' w� � '�`�'
<br /> O hereunder, or otherwise affo�)rded by applicable la�v, shall not b�/c n wuiver of or preclude the exercise of any right � �, rn {<t:r.;�r'�
<br /> Y 1' � ✓ f�fiw� Y 1� °1i�1 .
<br /> C�"J or remed hereunder. The rocurement of insurunce or the �a ment of taxes or other liens or charges by Lender „ k �::
<br /> � ahall not be n waiver of Lender's right to accelerate the maturity of the indebtedness secured by this Mortgage. 4 �r�` '* � �
<br /> ,� 12. Remedies Cumulative. All remedies provided in tliis \fortgage are distinct and cumulative to any other sa<` � `€,���c'``��
<br /> r right or remedy under this \Iortgage or afforded h}• la�c or equicy, and ma�• be exercised concurrently, independ- ; ,j, � ;1 �'`"�
<br /> � entiy or successively. ;
<br /> ^ 13. Suecessors �d Assigns Bound; Joint and Sevezal Liability; Captions. The co�•enants and agreements R � r'6`�'
<br /> herein contained shall bind, and the rights I�ereunder shall inure [o, thc respectivc successors and assigns of Lender µ� �a otr ,nt�`'
<br /> ` and Borrower, subject to the provision. of p�ragrnph 1 i hereof. All co�•enants and agrecments ot Borrower shall "" '�'`
<br /> ; i ,
<br /> � ;: r
<br /> �'t�*�" � "�.:
<br /> r sre�not to be used to int rp erttor define tLe r ovis ons�Lereof�raphc of this \ Iortguge are for conveniettee only snd rr ,a� ` ii �+�`f;
<br /> ` � y�rN�: � �,y;
<br /> ,' 14. Notice. Any notice to Borro�vei• pro�•ided tior in tl�i� \lorigage shall bc Fi�•en bp mniling such notice by ��, '^ ;�`�s•"
<br /> certified mail addressed to Borro�ver :tt tLe Yroperty 3ddre,� sL•�ted hclon• , except for anv notice required under `��i ,`�? ti��r?
<br /> + paragraph 18 hereof to be given to Borro«-er in the � nanner prescriber! bp xp�ilirablc law•. Any notice procided � xt��"� �
<br /> r' for in this J3ortgage shall be deemed to ha�•c bcen gi�•en to Burro«•cr �c6eu fii�•en in thc: manner designated herein. �" s ;���+"��,x�
<br /> 15. Uxuform Mortgage; Governing Law; Severability. T'his forru of �nortgage combines uniform covenunts �, ',�� ,M 5`���'
<br /> for nationai use and non-uniform covenants �vitl� limited ��:�riations b}• jurisdiction to constitute a uniform secu- w° "���x�
<br /> rity instrument covering real property. This \Iortgage shall be governed by the la�v of the jurisdiction in which ''�`�« 'y� y���
<br /> the Property is located. In the event that any provision or cluuse oP t6is \lortgage or the Note conflicts with ;e`;�,, �,"���,'�;
<br /> �' �:t� �M
<br /> effectwbthout tk e colnflictng nrovision , and to this end the nro�isions of the ,to tra ,e ndtthe Noteca e decgared {���'�'��`� �'��'�
<br /> to be severable. r g g �� �,r�����'`
<br /> 16. Borrower's Co p g g �t r ��,"��. ;
<br /> py. Borrower shall be furnished a conformed co v of this Alort a e at the time of execu- ,.4 ,� ,. +
<br /> tion or after recordation hereof. �,��� �;�,f .
<br /> 17. Traasfer of the Property; Assumption. I[ sll or any i�art of the Property or an interest therein is sold %���'`�>��r�t
<br /> or transferred by Bonower without Lender', prior written consent , excluding (a ) t.he creation of a lien or encum- ix f ,��*���
<br /> brance subordinate to this \iortgage, ( b ) the creat.ion of a purchx�e inoney security interest for household appli- �, �� °�"'�
<br /> ances, (c) a transfer by devise, descent or bq operation of la«• upon thc death of a joint tenant or (d ) the. grant of ,a�'�' ���rx�'� �'
<br /> any leasehold interest of three years or less not containing an option to purchase, Lender may, at Lender's option, ' � r���E: .
<br /> declare all the sums secured by this Mortgage to be i�ninediately �1ue and pnyablc. Lender shall have waived such � '��''"`�'a �
<br /> option to accelerate if, prior to tl�e sale or trnnsfer, Lender snd tlie person to whom the Yroperty is to be sold or ''7
<br /> tr$nsferred reach agreement in writing tl�at the credit of such person is satisfactory to Lender and that the interest ''e� i2.x =.
<br /> payable on the sums secured by this \Iortgage shall be st such ratc as I.ender shall request. If Lender has waived � �� F ' . '� ,;
<br /> �a L �« '
<br /> the option to accelerate provided in this parugrapli 17 snd if Borrower'c �uccessor in interest has executed a writ- �' -r��"„r�� �„
<br /> ten assumption agreement accepted in writing by I.ender, Lender shnll release Borrower from all obligations under �- -M. "
<br /> Ehis Mortgage and the Note. �< x�, ,a����,�
<br /> If Lender exercises sucli option to accelerate, Lender shall !nnil Borrower notice of acceleration in accordance ��"' �� �w '� .��''s�",s.`;�
<br /> �vitli paragraph 14 hereof. Sucl� notice shal] provide a �ieriod of not less tLun 30 days from the dste the notice is ;4 �« �,,, z l �
<br /> mailed within which Borrower �nay pay thc sums declared due. If Borron�er fails to pay such cums prior to the + ��^' -�
<br /> expiration of such period, Lender may , «�ithout furtl�er notice or demand on B'orrower invoke an remedies ''�` "` �Y `�� :
<br /> mitted by paragraph 18 hereof. ' y Per- .r ` '� ' ��.,�x x;
<br /> . � ��3 ��Ati'' �W.y`�*i'J�
<br /> �� 4K, xx���"`
<br /> NON—LTNIFOR�M COVF.NANTS. BOl'1'O��'C']' A71CI LCI]C�QI' PL11't•I1C1' COVC71�1(it and agrec 1s follows : _ =r,�.� � :�� ��
<br /> 18. Aeeeleration; Remedies. Exce�it ;is pro�•ided in � �au•agr:�� �h 17 I�creof, upon Borrower's hreach of any ^ ��'� �'`�t;?� "
<br /> covenant or agreement of Borra«•er in ihis �IortRngc, including tl�c covenants to pay �ehen duc any sums secured t' ' " ���' s�"s` `���
<br /> �. � wF y� ;...
<br /> by this �iortgage, Lender }irior to ucceler:ition �I�;�I1 �uiiil notice to Borro��•er as ��rovidcd in paragraph 14 l�ereof " �u '��>�
<br /> specifying : ( 1 ) the breach ; (2) the nction required to cm•c sucl� lirearh ; (31 u dntc, not less thnn thirt,y days >�°, �i �nF����
<br /> from the date thc notice is mailed to 13orro«•cr, b�� ��•hich �ucl � lirc:icl� must bc cw•ed ; and ( 4 ) that failurc to cure a . ` "�i�".'�•
<br /> such breach on or before the date specified in the notice may result in acccleration o[ the suin� secured by this � ,' � �� Y }`� ,~����
<br /> i � k'1Y;(*
<br /> Mortgage nnd sale of the Property. If the breach is not cured on or beforc the date specificd in thc notice, Lender ;.�,w��
<br /> at Lender's option may declare all of the sums secured b}• tl�is \Iortgugc to be i�runediately due anci payable „ f t�,,,.;y�
<br /> without further demand and may foreclosc this \fortgage by judiciu! proceeding. Lender shall he entitled t.o collect ,` � fi � ����`��
<br /> in such proceeding all expenses of foreclosurc, inclu� ling, but not limitcd to, cost.� of documentan� evidence, � a '�, �;�,���
<br /> abstracts and title reports. � ;�, � %Y�4 f �
<br /> 2 rt.; �'��
<br /> 19. Sorrower's Right to Reiastate. \`ot�rithstnndiug 1.ender'� atcceleration of the suins secured by this � a, �, ,, ,.�»;=y
<br /> Mortgage, Borrower shall have the right to have uny �iroceedings 6egun by I_encicr to enforce thia �lortgage dis- c �:•x s`3;
<br /> continued st any time prior to entry of a judgment enfoTcing this \Iortgage if : � al Borro�cer pays Lender all r � �4��' ��"�,�%°�;�
<br /> sums which would be then due under this \Iortgagc, tlic :Qote an<I notes secnring Futurc Advances, if any, had no x .';', ` ra°# ' �;,�r;z�;*:i
<br /> acceleration occurred ; ( b ) Borrower cures all brenches of unp o[her coccnant� or :igmemen�s of Borrower con- ��. r '-�f +x�:��
<br /> .? J,» ,.c�Gv.�
<br /> ta�ned in this i�Iortgage ; (c) Borrower pays all reaconable espcnses incurred b,y I.ender in enforcing the co�•enants �� `s <'' �;� :�S r;�
<br /> and agreements of Borrower contained in thic \ Iortga�e and in enforcing 7.endcr:. nmedies as provided in para-
<br /> graph 18 hereof, including, but not limited to, msssonable attorne�•'� fee� ; and id ) Borrotia�er takes such action as �� ' h �` � ����
<br /> Lender may reasonably require to assure that the lien of this \iortgage, Lender'c interest in the Property and � ` " �� $r � �
<br /> Borrower's obligation to pay the sums secured by thi� \fortga�Ge �ha ❑ continuc i�nimpuimd. LTpon such payment " � ' � r
<br /> � � �r�,;
<br /> and cure by $orrower, this Mortgage and the obli�ations secured herebt• �Iiall remain in full fm•cc and effect as if
<br /> no acceleration had occurred. '�M � � �f� � �
<br /> , 20: Assi y " , : a �tt�.
<br /> under, Borrower hereb fass��, Ap����t of Receivar; Leader in Possession. As additional securit here- �.
<br /> y gns to Lender tl�e rents of the Property, pro��ided ttiat Borro��•er shall, prior to acc.eler- �� ` ,� b�r
<br /> '. ation under: paragraph 18 hereof or e,bandonment of the Property, have the right to collect and retain such rents �
<br /> � as they become due and paysble. ' "` +
<br /> Upon soceleration under paragraph 18 hereof or abnndonment of the Yro erty. Lender, in � ' '�^
<br /> or by judiciall u P person , by agent
<br /> y ppointed receiver shali be entitled to enter upon , take possession of and manage thc Property
<br /> and Lo collect. the rents of the Property; including those past due. .411 rents collected hv 7,en�ier or ihe receivcr
<br /> shall be applied first to payment of the co9ts of management of the Property and collection of rentv. including, but.
<br /> not limited to, receiver's fees, premiums on receiver's bonde and masonable attorney's fees. and then to the sums
<br /> secured by this Mortgage. Lender and the receiver sliall t�e liable to account only for those rents actunlly received.
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